Swedish government discusses cash retention \ stacker news ~news

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Swedish government discusses cash retention

3268 sats \ 36 comments \ @TomK 14 Jan news

Good news for the freedom movement from Sweden: it seems that the new government is trying to make cash compulsory. It's news like this that should startle the parasites in Davos!

https://newsinfo.inquirer.net/1888719/sweden-studies-how-to-save-cash-from-extinction

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1152 sats \ 2 replies \ @petertodd 14 Jan

Good.

I was in Stockholm recently and took out some cash to see if I could spend it. Other than one supermarket and a (really good) Chinese restaurant I didn't run into anyone who accepted it.

Even getting from the airport to downtown via public transit is apparently impossible with cash. All the ticket machines accept card only.

180 sats \ 1 reply \ @TomK OP 14 Jan

Imagina forceing the retailers accepting it again. This would send a big message

1022 sats \ 0 replies \ @petertodd 14 Jan

Non-anonymous card transactions should be taxed to fairly price in the harm to a free society that they represent. A 5% tax on the total value of the transaction would be a reasonable amount.

Pre-paid cards without KYC, eg refilled with BTC, can be exempted.

58 sats \ 7 replies \ @dgy 14 Jan

I always - except you can pay with lightning - pay cash including Hotels etc. It is a layer of resistance and protection against surveillance, upcoming CBDC, negative interest rates, IT outage of payment network (happens from time to time and was a problem in de facto cashless Norway). It is one of the easiest way to fight the totalitarian regime.

10 sats \ 0 replies \ @TomK OP 14 Jan

That's the way. Same here

1000 sats \ 5 replies \ @kristapsk 14 Jan

When I don't have cash, only fiat balance on bank account, when it's possible, I often first go to ATM, withdraw cash and then pay in shop with it.

121 sats \ 3 replies \ @SpaceHodler 14 Jan

I do the same in stores that accept cash, even though it means longer lines, because there are far more checkouts that accept cards than cash.

0 sats \ 2 replies \ @TomK OP 14 Jan

Freedom has its price

0 sats \ 1 reply \ @SpaceHodler 14 Jan

It does! But part of my income is in cash anyway, so the savings in the extortion rate offset that :)

0 sats \ 0 replies \ @TomK OP 14 Jan

Perfect. Good course

0 sats \ 0 replies \ @TomK OP 14 Jan

Perfect

196 sats \ 1 reply \ @OT 14 Jan

Its a weird phenomenon right? People choosing convenience over privacy and thinking they're so advanced.

It was the same in China. Lots of places don't accept cash anymore. Lucky the older generations are still using cash for the market and taxis etc

40 sats \ 0 replies \ @TomK OP 14 Jan

Could be simply laziness, too. And now imagine the millions that recieve social assistance (our money) that will be flipped into a CBDC without even asking them

21 sats \ 5 replies \ @riberet19 14 Jan freebie

That's good news! Contrary to what is happening in my country, where fines of up to EUR 2500 have been established for anyone who pays more than EUR 1000 in cash for a good or service, some so well and others so badly, I hope that other countries will follow Sweden's lead.

0 sats \ 1 reply \ @justanumber 14 Jan

which eu country is that? Are they actually enforcing it?

0 sats \ 0 replies \ @SpaceHodler 14 Jan

I know France does that.

0 sats \ 2 replies \ @TomK OP 14 Jan

Surveillance terror paradise.

0 sats \ 1 reply \ @justanumber 14 Jan freebie

I spent a month in the UK over the summer. It was crazy. Cameras every 50mtrs on the motorway, facial recognition being installed in many shops (thru a company called facewatch), many of the shops are employing fewer staff and funneling customers thru the self checkers that have large screens with cameras filming people as they scan their shopping. A lot of the customers (and more confusingly the staff) didn't understand why we didn't want to use them, even after we explained why (want to keep cash, don't want to be surveilled and filmed and want to keep people's jobs etc.. and btw customers will be doing your job for free and you'll be jobless). Some staff in supermarkets and pubs has started wearing body cams! Low emission and ultra low emission zones restricting cars and fining drivers (war on cars). It's getting crazy. Surveillance state.

22 sats \ 1 reply \ @jgbtc 14 Jan

Governments may find that physical fiat is the best thing they've got to compete with Bitcoin.

1 sat \ 0 replies \ @TomK OP 14 Jan

This would be the joke of the decade

22 sats \ 6 replies \ @justanumber 14 Jan

weird. I was in a room full of Swedes recently and they said cash is already almost non-existent in Sweden. They said it's all card and people look at you like you're doing something illegal if you get cash out to pay. i wonder if it's all just words to placate people. The UK gov have been making similar noises, whilst the banks have been incentivizing consumers and business to go cashless with rewards and prizes.

0 sats \ 5 replies \ @TomK OP 14 Jan

I think there will be a big movement coming the moment Fiatlandia gets into real trouble, with debanking like in Canada and bail-ins. Watch what's happening in Germany now. We are at the very beginning of resistance and privacy sovereignty will be important themes.

0 sats \ 0 replies \ @OT 14 Jan

They will learn the hard way.

Some will be happy with all the vouchers that come with a CBDC.

0 sats \ 3 replies \ @justanumber 14 Jan

Yeah, the subject came up bc someone wanted to know how you can buy things without the banks and gov knowing what you're buying. We talked about btc and privacy coins like monero but I think a lot of people want things to be already set up for them and when they can't just go to the normal places and pay like they normally do... They don't realize "we" are the resistance and nothing will happen until we start taking action. I feel like a lot of people will eventually be tipped over the edge by different things. I was talking to a Danish friend, a while back, dropping gentle hints about what's going on but she was not really interested. Now she's woken up to the financial privacy issue bc she likes to pay with cash for that reason. When I told her about cbdcs it was THEN she said "send some some info!". So I sent her a couple of videos.

0 sats \ 2 replies \ @elvismercury 14 Jan

This is another instance of what I was talking about in response to this SN story -- I wonder if privacy / CBDC will be an increasing vector for orange-pilling going forward?

2 sats \ 1 reply \ @TomK OP 14 Jan

A lot of NPCs will love their spycoin

0 sats \ 0 replies \ @dgy 14 Jan

Yes, only NPC aka slaves celebrate their enslavement.

21 sats \ 4 replies \ @fredosha 15 Jan

Where I am in this vast universe, I am spending cash everyday despite my government effort at making us use card only. So kind of development should not be forced. It should come as a necessity, that is from the perspective of the consumers.

0 sats \ 3 replies \ @TomK OP 15 Jan

BTC and cash as two nice weapons to fight back. I am 99% BTC, rest cash now.

121 sats \ 2 replies \ @fredosha 15 Jan

You are not free from your electronic gadgets with BTC. With cash, you are free from every thing including your shadow.

0 sats \ 1 reply \ @TomK OP 15 Jan

You can use services like 'The Bitcoincompany'' and their Visa Card to bridge this

0 sats \ 0 replies \ @fredosha 15 Jan

I see.

21 sats \ 0 replies \ @xz 15 Jan freebie

fractions of a penny for my thoughts? Kching.

Lower commercial rates for low-income groups to provide goods and services to local communities, mom and pop stores, young people. Maybe an unpopular opinion for a Bitcoiner, encourage the proliferation of high street banks.

0 sats \ 0 replies \ @BlokchainB 14 Jan

I could’ve swore I saw proposed laws in NYC and SF stopping stores from banning cash acceptance.

0 sats \ 0 replies \ @grayruby 14 Jan

Good news.